MNI: PBOC Conducts Net CNY2 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0956 Tues; -4.88% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.0956 TUES VS 7.0947

MNI BRIEF: China Pork Prices Climb For 5th Straight Week

MNI EM China Daily Summary: Monday, April 8

Easter Timing Buoys March Food Retail Sales

MNI: UK BRC MAR BY VALUE SHOP SALES LFL +3.2% YY, TOTAL +3.5% YY

BOC Data Watch

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Crude Oil Extends Gains, EU Nat Gas Settles At Record High

COMMODITIES
  • Crude oil has jumped on a combination of yesterday’s US EIA demand recovery, the OPEC Secretary General reiterating their view is that oil demand was robust with concerns over a China economic slowdown exaggerated, and Zelensky saying negotiations will only be possible after a Russian withdrawal.
  • Brent has seen larger gains on Shell cutting production at its Rhineland refinery, Germany’s largest oil refinery, on continued disruption from low water levels.
  • WTI is +2.6% at $90.41 as it pushes back against recent technical vulnerability and instead moves closer to resistance at the 20-day EMA of $92.57.
  • Brent is +2.9% at $96.38, moving further away from the bear trigger at $91.22 (Jul 14 low) and instead nearing the 20-day EMA at $97.66, clearance of which would open key short-term resistance at $100.38 (Aug 12 high).
  • Gold is -0.2% at $1758.41, suffering with dollar strength partly offset by Tsy yields rallying. It comes close to key short-term support at $1754.4 (Aug 3 low), clearance of which would open $1711.7 (Jul 24 low).
  • European natural gas meanwhile made further headlines as they settled at a record high, 6.7% higher at EUR 241/megawatt-hour, with prices about 11 times higher than usual for this time of year.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.